Britain is among the best places in the world to begin and grow a small business, according to a national government review. However, a productivity gap exists between the UK and international competitors, which mean our businesses are not reaping all the benefits that they may be. Adopting leading technology, procedures, and support services – such as cloud processing, mobile technology, and e-purchasing – can improve the productivity and getting the power of small and medium-sized companies (SMEs), and in turn grow the wider overall economy. The Department of Business, Energy, and Industrial Strategy (BEIS) and Innovate UK have up to £2 million to verify and test ideas that enable small businesses to are more productive.

Investment is through the business enterprise Basics Fund, the area of the government’s Business Basics Program to encourage SMEs to implement proven technology and procedures. Yesterday, the UK government announced the projects to be awarded £2 million through the first funding competition. This includes a task with the retail and hospitality sectors to use AI systems such as chatbots to boost customer encounters and another to aid better digitisation in dairy farming. Small businesses will be the backbone of our economy.

As part of our modern Industrial Strategy, we are supporting them with new investments to improve their efficiency and ensure they can continue to thrive in the foreseeable future. See the full announcement. There will vary competitions to use into, depending on your organization and the type of development and research being carried out.

Proof of concept honors are for ideas that are in early development. Projects should encourage SMEs to adopt proven management or technology methods that can enhance their productivity. Find out more about the proof concept apply and competition. The aim of trial projects is to test different approaches for encouraging SMEs and supporting adoption. Projects should generate sturdy evidence about the very best approaches to improving the efficiency of SMEs. They need to build understanding of the short also, medium and long-term impacts of such approaches.

THE FOLLOWING MONTH AFTER MAY MAY IS THE Nonactive MONTH OF JUNE. HERE THIS MONTH LOST 8 CONTRACTS DOWN TO 733. JUNE IS THE ACTIVE MONTH OF JULY AFTER, (THE SECOND LARGEST DELIVERY MONTH OF THE YEAR FOR SILVER) AND HERE THIS MONTH LOST 1432 CONTRACTS DOWN TO 153,947 CONTRACTS. ANOTHER ACTIVE MONTH AFTER JULY FOR SILVER IS SEPTEMBER AND HERE THE OI FELL BY 229 RIGHT DOWN TO 18,762 CONTRACTS. GATA STORIES REGARDING GOLD/PRECIOUS METALS. Dave Kranzler of Investment Research Dynamics in Denver points out today why a large move up in the financial metals may be accessible at last. Ed Steer talked about the past due Bart Chilton’s revelation that JPMorgan was permitted to manipulate the silver precious metal price.

He also discusses the use of derivatives by central banks to control the price of the precious metals. GATA Board of Directors member Ed Steer, editor of Ed Steer’s Gold & Silver Digest letter, was interviewed the other day by James Anderson for Silver Doctors. They discussed former U.S. Commodity Futures Trading Commission member Bart Chilton’s verification that the commission payment allowed JPMorganChase to control the gold market. They also discussed the use of derivatives by central banks and their agencies to control product prices. Craig Hemke of the TF Metals Report, writing at Sprott Money today, explains why he is more persuaded that 2019 will follow 2010’s pattern of a shakeout in the financial metals followed by a sharp rally.

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Earlier this month the World Gold Council published its quarterly report- and it implies that central banks and foreign governments from throughout the world are buying up the yellow metal at their quickest pace in six years. That is pretty big news, and it says a lot about the continuing future of the money. Remember, central banks and foreign governments hold literally TRILLIONS of dollars of reserves… and traditionally they do that by buying US government debt.

It sounds unusual, but to big organizations, banking institutions, etc., US government debt is equivalent to cash. They utilize it as a form of money. More importantly, they hold US dollars because that’s the global standard: the united states dollar has been the world’s primary international reserve currency for seventy-five years. So US debt is incredibly liquid.

22 trillion US debts market is the largest & most liquid market in the world. But international governments have begun to break with the tradition of buying treasuries. As the World Gold Council’s report demonstrated us, international governments and central banks have been buying far more precious metal than in previous years. Net gold purchases in Q1/2019 among foreign governments and central banks was almost 70% greater than Q1/2018… and the best rate of first-quarter purchases in six years. The Chinese specifically, have been stockpiling yellow metal faster than ever before, while at the same time, Chinese ownership folks treasuries as a percentage of total holdings has been steadily declining within the last years. And it’s not only China.